Retail Center at 4th & Slide to Have New Owner

Published 08/03 2014 04:47PM

Updated 08/03 2014 04:53PM

Image from news release by CBRE’s National Retail Investment Group
Image from news release by CBRE’s National Retail Investment Group
LUBBOCK, TX -- Ohio-based Phillips Edison & Company will become the new owner of the Northpark Village shopping center for an undisclosed price.  Property tax records list the valuation of the property - 4th Street and Slide Road - at more than $2.5 million.  

A written statement said, “The asset is 96.8% occupied. National tenants, including Starbucks and GNC, promote cross shopping and provide a steady customer draw.”  

The statement did not say if the sale would have any effect on the current tenants. 

It said, “Lubbock-based United Supermarkets anchors the 70,479-square-foot Northpark Village, at the intersection of 4th Street and Slide Road.”

CBRE’s Dallas-based National Retail Investment Group made the announcement on behalf of the seller.   

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